Desiccant Wheel Market is expected to Record a CAGR Of 5.1% during the Forecast Period 2022 - 2032
The global desiccant wheel market is projected to rise at a CAGR of 5.1% through the forecast period of 2022 to 2032, rising from an initial valuation of US$ 431.5 Mn in 2022 to US$ 708.4 Mn in 2032.Desiccant dehumidifiers have demonstrated their ability to be significantly more effective and faster than compressor-based dehumidifiers, boosting the desiccant wheel market share. Furthermore, growing electricity costs and the portability of desiccant dehumidifiers are expected to boost global demand for desiccant wheels.
For more insights into the market, request a sample of this report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14514
A list of Key Players Covered in the Desiccant Wheel Market are:
- Munters
- NovelAire Technologies
- DRI
- Trane
- Rotor Source Inc.
- Airxchange Inc.
- FlaktGroup
- Proflute AB
The rapid expansion rate in infrastructure displayed by a large number of industry verticals around the world is the primary driver of the global desiccant wheel market. Several companies in the electronics, pharmaceuticals, chemicals, food and beverage, and other sectors are exclusively presenting a tremendous increase in demand and infrastructure development.
In the anticipated period, the rise of these industries resulted in a significant demand for desiccant wheels. Desiccant wheels can also absorb atmospheric moisture in considerably shorter periods, which has boosted the global desiccant wheel market.
As per the desiccant wheel market study, because of growing carbon dioxide levels and rising atmospheric temperatures, the general humidity content of the atmosphere has altered dramatically during the last few decades.
Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/desiccant-wheel-market
Chemicals, pharmaceuticals, food, and beverage industries, for example, require carefully controlled atmospheric conditions in their manufacturing areas. Because many of the items made in these verticals are hygroscopic, they can quickly collect moisture from the air. This increased moisture or humidity could hurt the manufacturing process or the finished product.
To avert this catastrophe, enterprises use dehumidification techniques nearby. The usage of desiccant wheels to control humidity levels in the aforementioned industries is one of the most successful and cost-effective approaches, which is the key driver of the desiccant wheel market.
For sustaining regulatory criteria connected with relative humidity (RH) levels in production infrastructures, desiccant wheels are in high demand from a variety of industry verticals such as food & drinks, chemicals, and pharmaceuticals.
The desiccant wheel market adoption trends are projected to gain global appeal in the next years due to lower electricity costs and the portability of desiccant dehumidifiers. Furthermore, when it comes to extracting moisture in short periods, desiccant dehumidifiers have proven to be far more successful than compressor-based dehumidifiers.
For More Information or Query or Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14514
Food and beverage, pharmaceutical, chemical, and electronics industries, among others, have had promising expansion in recent years. All of the aforementioned industries are subject to stringent government controls.
These businesses make considerable use of desiccant wheels for moisture control to attain the allowable humidity level. Other dehumidification technologies, such as thermal wheels and compressor-driven dehumidifiers, have several advantages over desiccant wheels.
In addition, after the moisture from the desiccant has been removed, the desiccant wheel can be reused. As a result, the overall operating cost is reduced, making this technology suitable for a variety of businesses. The desiccant wheel market is predicted to grow in lockstep with the rest of the industry in the coming years
Key Takeaways
- In recent years, the pharmaceutical and chemical industries have used desiccant wheels for dehumidification, helping the North American desiccant wheels market to stay ahead of other regional markets.
- Silica Gel, one of the report's sectors, is expected to rise at a CAGR of 4.8 per cent over the forecast period.
- The US desiccant wheel market size is expected to reach a valuation of US$ 177.3 Mn by 2032.
- The top application for the desiccant wheel market is pharmaceutical, which is anticipated to rise at a growth rate of 4.5% over the analysis period.
To buy this Report Visit: https://www.futuremarketinsights.com/checkout/14514
The desiccant wheel market is highly fragmented, with numerous desiccant wheel manufacturers. These businesses endure the fierce competition and must keep up with current market events to maintain their market position. One of the principal techniques used by market leaders to maintain their dominance is to form strategic alliances with end-use industries for supply.
Contact Us:
Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Desiccant Wheel Market is expected to Record a CAGR Of 5.1% during the Forecast Period 2022 - 2032 here
News-ID: 2863606 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for Desiccant
New Desiccant Products at Medica 2021
This year, Baltimore Innovations will be unveiling a new range of Humidity Balancing desiccants at Medica 2021. These HUMI-BALANCE™ Sachets are ideal for applications where products need to be protected not only from moisture but also from over-drying. Visitors to the Medica Show can learn more about these new products on Stand 1F11-3 in Hall 1. The show runs from between 15th to the 18th November in Dusseldorf, Germany,…
Global Desiccant Wheel Market: Silica Gel to Remain Most Commonly Used Material …
The global desiccant wheel market is highly competitive in terms of products and services offered, observes Transparency Market Research (TMR) in a recent report. Key players in the market, including Munters AB, which earned nearly 33% of its revenues from sales of desiccant wheel products and solutions in 2015, focus on differentiating their offerings from those of their competitors and adding innovative products and services in their portfolio. “With the…
Desiccant Wheel Market: Silica Gel to Remain Most Commonly Used Material in Desi …
Desiccant wheels are experiencing a vast rise in demand from a number of industry verticals such as food and beverages, chemicals, and pharmaceuticals for maintaining the regulatory standards associated to the relative humidity (RH) levels in production infrastructures. In the next few years, reduction in electricity costs and portability of desiccant dehumidifiers are expected to increase the popularity of desiccant wheels on a global front.
Furthermore, desiccant dehumidifiers have demonstrated…
Desiccant Wheel Market : Silica Gel to Remain Most Commonly Used Material in Des …
The global desiccant wheel market is highly competitive in terms of products and services offered, observes Transparency Market Research (TMR) in a recent report. Key players in the market, including Munters AB, which earned nearly 33% of its revenues from sales of desiccant wheel products and solutions in 2015, focus on differentiating their offerings from those of their competitors and adding innovative products and services in their portfolio. “With the…
Global Desiccant Wheel Market: Silica Gel to Remain Most Commonly Used Material …
The global desiccant wheel market is highly competitive in terms of products and services offered, observes Transparency Market Research (TMR) in a recent report. Key players in the market, including Munters AB, which earned nearly 33% of its revenues from sales of desiccant wheel products and solutions in 2015, focus on differentiating their offerings from those of their competitors and adding innovative products and services in their portfolio. “With the…
Global Desiccant Dryer Market Research Report 2017
Summary
This report studies Desiccant Dryer in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Atlas Copco
Ingersoll Rand
SPX FLOW
Kaeser Compressors
Sullair
KAWATA
Gardner Denver
MATSUI
Rotorcomp
BEKO
Van Air
Aircel
Parker Hannifin Corp
SMC
Star Compare
Fusheng
Risheng
Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=861542&ptitle=Global+Desiccant+Dryer+Market+Research+Report+2017&req=Sample
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth…